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So, now that I have higher limits...how should I handle them.
Penfed Amex 20k limit..I charge like 400-1000 month and PIF
Capial One 20k limit...I will charge about 1500 month and PIF
I know over time my score will go up...I just dont CLD because I am not using the cards and runing higher charges through them, that is the only thing I fear...
Do you think my using those two cards as I stated is good ?
You should be fine! My Amex has been at 25k for a year now. I used to heavily use it. Probably charged around 10-12k a month. But now I only charge between 800-1.2k a month and PIF.
I haven't heard a peep from them
@Andy77 wrote:So, now that I have higher limits...how should I handle them.
Penfed Amex 20k limit..I charge like 400-1000 month and PIF
Capial One 20k limit...I will charge about 1500 month and PIF
I know over time my score will go up...I just dont CLD because I am not using the cards and runing higher charges through them, that is the only thing I fear...
Do you think my using those two cards as I stated is good ?
You should be fine. As long as you don't max out, you are OK and credit score perspective, fine. Some articles advises to use 30% or less CL per month. Some says 10% is ideal.
I'm not sure many here utilize most/all of their credit limits given, and I don't see posts often (or really at all), where someone got a CLD for smaller amounts of use (and it does happen for non use). I'm sure it happens, in my case I have ~35k total CL and I charge 800-3k a month, and I keep seeing auto CLI's. Just as a data point
@Andy77 wrote:So, now that I have higher limits...how should I handle them.
Penfed Amex 20k limit..I charge like 400-1000 month and PIF
Capial One 20k limit...I will charge about 1500 month and PIF
I know over time my score will go up...I just dont CLD because I am not using the cards and runing higher charges through them, that is the only thing I fear...
Do you think my using those two cards as I stated is good ?
Sounds good to me!
For data points, my SO's roommate has a $35K CL on his Delta Gold. He spends ~$1500/month and PIF, and he's in the 800 club. So he's doing something right.